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“I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.” Food prices are an everyday reminder of inflation on the spending side of the equation, but on the flip side, plenty of people don’t know where to put their savings these days. One can pick up additional income on savings in places like the perfectly safe TreasuryDirect account and earn over 4 percent on as little as $100. (I would like to think that money won’t change me, but I won $5 on a scratch-off lottery ticket and used it buy name-brand aluminum foil.) The Fed has been, as usual, in the headlines this week by raising the target Fed Funds rate (what banks charge one another for overnight loans). Chris Whalen penned a piece titled, “FOMC Doubles Down on Market Risk.” One picture is worth a thousand words, and here’s a nice chart of Fed Funds to help keep things in perspective. (Today’s podcast, with a slight delay due to travel, can be found here and this week is sponsored by Black Knight, Inc. As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight, Inc. is transforming the mortgage industry through its best in class solutions.)

Lender and Broker Services, Products, and Software

Fact: All 3,143 U.S. counties have at least one down payment assistance (DPA) program, and more than 2,000 counties have 10 or more DPA programs. If you’re not offering DPA because it feels like you need to be a PI to vet local programs, Down Payment Resource has your back. DPR’s tools make it easy to identify and curate DPA programs, review benefits and requirements and match borrowers with assistance. If you’d like a glimpse into Down Payment Connect, Innovative Mortgage’s Pam Marron provides an insightful overview of the product in a recent blog. Or, if you’ll be at MBA Tech April 2-5, schedule a meeting with Down Payment Resource’s Tani Lawrence and Rob Chrane.

Millennial homebuyers do not want to call you. That’s it… That’s the whole message today. Give them QuickQual by LenderLogix, the immediate answers they want that produce the conversions you’re looking for.

NewRez Wholesale has big things coming for your business, giving you greater resources, access to our expertise, tools you need to promote your business, and support through innovative technology. We’re excited to announce that we’ve redesigned our broker recognition program to bring you the highest quality of service, sharp pricing, and more, so you can close faster with confidence. We call it RezClub, and it’s coming soon! Learn more about how you can earn your way onto the RezClub team by contacting your NewRez Wholesale account executive today, or email us.”

“’Fair Housing is not an option… It is the law.’ Carl Harris. Fair housing plays a critical role for lenders, real estate appraisers, AMCs, and most importantly, buyers and sellers. On March 15, NAN (Nationwide Appraisal Network), hosted ‘Fair Housing and What It Means for Appraisers’ with Steve Sussman, NAN’s Chief Business Development Officer, Stacy Caprioli, NAN’s Chief Appraiser, and Melissa Malpass, Consumer Finance and Fair Lending Attorney at Alston & Bird. This was the first of a four-part, virtual discussion series as part of NAN’s Bias, Inclusion, Ethics, and Diversity (BIED) initiative. Each quarter, NAN’s leadership team and special guests will discuss relevant industry topics and gather important feedback from the appraiser community. To catch up on the valuable insights shared by our panel of industry experts at the webinar, and to stay up to date with the latest information, best practices, and upcoming events, visit us.”

Registration opens today for The StorySeller Virtual Summit on April 19 with nine guest speakers including master FBI negotiator Chris Voss: How to Uncover Hidden Opportunities in Life and Business, NAR chief economist Dr. Lawrence Yun: How to Overcome Objections About Today’s Housing Market, and industry legends Tim Braheem and Carl White on Your Inner Story and the Habits of Top Producers. The event is hosted by best-selling author and Momentifi CEO, Gibran Nicholas. The theme of the event is How to Grow an Epic Business and Find More Meaning in Your Work. Registration is free, but you can also sign up for a VIP All-Access pass that includes Momentifi’s personally branded homebuyer education tools and other member benefits. This is a great way to kick off the Spring Home Buying Season with your team and referral partners. Click here to learn more or sign up. You can also click here to inquire about group tickets.

“A suite of precision, tech-forward, customized mortgage finance banking solutions. It’s what you need. And it’s what Flagstar Bank delivers. Flagstar’s mortgage solutions live under one roof and one philosophy: clients first. Flagstar’s highly personal warehouse-lending approach has made them the 2nd-largest warehouse lender in the country. Flagstar can fund your MSR purchases to maximize MSR value over time, regardless of portfolio size. They can ease the burden of servicing advances in your portfolio and manage your liquidity with servicing advance financing. And in terms of subservicing, Flagstar’s nearly 1.4 million borrowers in home loans are testament to their award-winning capabilities, which are geared to minimize risk and maximize returns. Flagstar is built for best-in-class service that always keeps our client’s integrity and needs top of mind. Contact Jeff Neufeld or Patti Robins to discuss what Flagstar can do for your business.”

FHFA, Fannie, and Freddie Updates and Program Changes

Yes, volume is down (the MBA is predicting a $1.8 trillion year versus well over $4 trillion a few years ago) but the lion’s share of production continues to head down the conventional conforming path. Let’s take a look at how the Agencies are directing lenders.